Dunkin' Brands boss gets an employment extension

The parent company of Dunkin' Donuts and Baskin-Robbins has given Chairman and CEO Nigel Travis a job extension.

Travis, 64, now has a contract through December 2018. His previous contract was through December 2016.

Dunkin' Brands Lead Director Raul Alvarez said in a prepared statement: "Nigel has done an outstanding job at Dunkin' Brands over the past five years. Since 2009, under the leadership of Nigel and his management team, Dunkin' Brands' nearly 100 percent franchised system has delivered a compounded annual growth rate of 6.2 percent in systemwide sales, had strong comparable store sales, added almost 3,300 net new Dunkin' Donuts and Baskin-Robbins restaurants, and returned approximately $650 million to shareholders during its two-and-a-half years as a public company."